Is the United Kingdom entering its own Great Depression? The signs say that this is a possibility. Britain is now encountering a situation where it is stuck in debt deflation. Debt deflation is a combination of falling prices and rising debt burdens similar to the Great Depression. Things look worrisome as of late and even though things do not seem as bad now as they do in the United States, there are clear signals from the reports of different departments that things ... Read More

British Prime Minister Gordon Brown is going on a stimulus tour. In an effort to get a global consensus or a multi-national fronted thrust for greater fiscal stimulus and better financial regulation, the Prime Minister is calling on heads of states to follow his and US President Barrack Obama’s example. Just like President Obama, Brown believes that more spending and perhaps a sustained fiscal stimulus will help solve the economic crisis or at least minimize the effects of it on the people. ... Read More